LAS VEGAS, July 16, 2018 /PRNewswire/ -- Caesars
Entertainment Corporation (NASDAQ: CZR), the world's most
diversified gaming and entertainment company, broke ground today on
their newest development – CAESARS FORUM, a $375 million, 550,000 square-foot conference
center in Las Vegas. Caesars
Entertainment is an undisputed leader in the meetings industry
having hosted more than 1.9 million meeting participants, 1.6
million room nights with 17,300 meetings and events in 2017
alone.
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Redefining the offerings for meetings and events in Las Vegas, CAESARS FORUM will be the first
facility of this size built on one level and will feature the two
largest pillarless ballrooms in the world, equivalent to
twenty-seven tennis courts or three ice hockey rinks. It will also
feature FORUM Plaza, the first 100,000 square foot outdoor meeting
and event space in Las Vegas.
Designed as a multi-functional space, FORUM Plaza allows planners
to host receptions, meetings and live entertainment with the Las
Vegas Strip as the backdrop. The conference center is also within
walking distance to more than 20,000 Caesars Entertainment hotel
rooms and is adjacent to the LINQ Promenade retail
district.
"Caesars Entertainment has eight properties located in the
center of the Las Vegas strip –
more than any other competitor," said Mark
Frissora, President and Chief Executive Officer for Caesars
Entertainment. "With our geographic advantage, and the demand for
meetings space exceeding available inventory, this project builds
on our strategy to provide a value-add to meeting planners, guests
and investors."
Today's groundbreaking ceremony took place on the future site of
the conference center, located directly behind The LINQ Promenade.
For the first time, Caesars Entertainment shared a 360 fly-through
experience of the conference center. President and CEO,
Mark Frissora was joined on stage by
Clark County Commissioner
Chris Giunchigliani and other
Caesars Entertainment executives for the official
groundbreaking.
CAESARS FORUM secured its first booking with the American School
Counselor Association in July 2021,
which will include 3,500 attendees from all over the U.S.
Since then, Caesars Entertainment has gone on to contract over
$70 million in conference business
for CAESARS FORUM.
The conference center will create 1,000 local construction jobs
and more than 450 permanent jobs upon opening in 2020. It will also
be globally recognized for its sustainability with a LEED Silver
rating. Opening in 2020, CAESARS FORUM will:
- Provide direct access via skybridge to Harrah's Las Vegas and The LINQ Hotel and Casino;
- Be connected by pedestrian bridge to LINQ Promenade and
Flamingo Las Vegas;
- Feature 300,000 square-feet of flexible meeting space,
including two 110,000 square-foot pillarless ballrooms, two 40,000
square-foot ballrooms and six state-of-the-art boardrooms;
- Accommodate more than 10,000 participants and offer more than
100 break-out rooms;
- Be built on one floor for convenient move-in, along with nine
easily accessible loading docks;
- Feature FORUM Plaza, a 100,000 square-foot outdoor space, ideal
for outdoor events, wellness breaks, opening cocktail receptions,
meals or entertainment;
- Be conveniently located within walking distance to eight of
Caesars Entertainment's Las Vegas
properties.
- Divide into limitless configurations for customers, utilizing
over 2 miles of airwalls.
This announcement is the latest example of Caesars
Entertainment's investment in developing new assets for the
meetings industry. This spring, the company announced plans to
bring the Caesars brand to two hotels in Dubai's Jumeirah Beach region and to the
Puerto Los Cabos region in Mexico
– offering conference space in key gateway cities. Last month, the
company also broke ground on a new conference center at Harrah's
Cherokee in Cherokee, North Carolina. The $200 million conference center and hotel tower
will feature a sprawling 83,000 square foot conference space, 725
hotel rooms, along with dining and retail outlets. In 2015, Caesars
Entertainment opened Harrah's Waterfront Conference Center, the
largest hotel conference complex from Baltimore to Boston.
Caesars Entertainment offers 40 first-class properties
nationwide that have 2.1 million square-feet of meeting and event
space. In 2017, more than 17,000 meetings and events are hosted
annually at Caesars Entertainment, with more than 1.9 million
participants nationwide. For more information, visit
www.CAESARSFORUM.com.
About Caesars Entertainment
Caesars Entertainment is
the world's most diversified casino-entertainment provider and the
most geographically diverse U.S. casino-entertainment company.
Since its beginning in Reno,
Nevada, in 1937, Caesars Entertainment has grown through
development of new resorts, expansions and acquisitions and its
portfolio of subsidiaries now operate 47 casinos in 13 U.S. states
and five countries. Caesars Entertainment's resorts operate
primarily under the Caesars®, Harrah's® and Horseshoe® brand names.
Caesars Entertainment's portfolio also includes the Caesars
Entertainment UK family of casinos. Caesars Entertainment is
focused on building loyalty and value with its guests through a
unique combination of great service, excellent products,
unsurpassed distribution, operational excellence and technology
leadership. Caesars Entertainment is committed to environmental
sustainability and energy conservation and recognizes the
importance of being a responsible steward of the environment. For
more information, please visit www.caesars.com.
About Meetings and Events at Caesars Entertainment
Corporation
The world's most geographically diversified
casino-entertainment company, Caesars Entertainment offers meeting
and event planners one dedicated team, united nationwide, committed
to providing the most successful meeting experiences possible. With
one call or email, planners have access to nearly 40 properties in
20 unique destinations, with 2.1 million square feet of meeting
space and more than 40,000 guest rooms. Mix and match properties
and venues within a destination under a single contract and
minimum. Enjoy elite perks, rewards and privileges with our Total
Rewards Meeting Diamond Program. For more information, please visit
www.CaesarsMeansBusiness.com and www.CAESARSFORUM.com.
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